Riot Platforms urges Bitfarms' board to make changes ahead of key meeting in October

ChainCatcher news, according to Cointelegraph, the largest shareholder of mining company Bitfarms Ltd., Riot Platforms, Inc., has sent an open letter to Bitfarms shareholders calling for further changes to the company's board of directors.

The upcoming shareholders' meeting is scheduled for October 29. At this meeting, Riot will advocate for reforms to improve corporate governance and enhance value for all shareholders. Bitfarms is a publicly traded company based in Canada, focusing on the cryptocurrency industry, particularly on Bitcoin mining.

Riot holds a 19.9% stake in this Bitcoin mining-focused company and acknowledges recent changes to the board, including the resignations of co-founders Emiliano Grodzki and Nicolas Bonta.